Griffith v. Quality Distribution, Inc.

307 So. 3d 791 (2018)

From our private database of 46,400+ case briefs, written and edited by humans—never with AI.

Griffith v. Quality Distribution, Inc.

Florida District Court of Appeals
307 So. 3d 791 (2018)

Facts

In 2015, Quality Distribution, Incorporated (Quality) (defendant) entered a merger agreement in which Apax Partners, LLC would acquire Quality at a premium. Richard Delman, a Quality shareholder, filed a class-action complaint against Quality and its board members (defendants), alleging that they failed to disclose material information in breach of their fiduciary duties. The parties reached a disclosure settlement agreement in which Quality would provide supplemental disclosures. The trial court approved the settlement. Sean Griffith (plaintiff), another Quality shareholder, objected, asserting in part that the trial court failed to ensure that the supplemental disclosures were actually material pursuant to the standard for reviewing disclosure settlements set out by the Delaware Court of Chancery in In re Trulia, Inc. Stockholder Litigation. The trial court agreed that In re Trulia was the proper standard of review and held that the settlement was fair and reasonable because the released claims were commensurate with the claims raised in the complaint. Griffith appealed.

Rule of Law

Issue

Holding and Reasoning (Morris, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 832,000 law students since 2011. Some law schools even subscribe directly to Quimbee for all their law students.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

Here's why 832,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 46,400 briefs, keyed to 994 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 832,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 46,400 briefs - keyed to 994 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership